Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Al-Rajhi Company for Cooperative Insurance up 6.1% in 2 days 18 January 2018 16:47 AST

NEWS BITES - MIDDLE EAST & NORTH AFRICA

This is an end of day Alert, produced after today's Saudi Arabian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Al-Rajhi Company for Cooperative Insurance, Saudi Arabia's 4th largest insurance company by market capitalisation, extended its gains on Thursday, rising an additional SAR1.90 (or 3.0%) to trade at SAR65.80. Trading volume was 34% of average at the end of the day. The shares have risen SAR3.80 (or 6.1%) over the past two trading days vs. the All Share Index (TASI) which has risen 0.1% in the same period.

Technical indicators complementing today's significant uptrend:

+ The positive 1.12 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 81% of the Saudi Arabian market over the past 6 months.

+ The price jumped 9.8% in the last week and soared 12.5% in the last month.

+ The present value of SAR1,000 invested one year ago is SAR1,687 [vs SAR1,100 for the All Share Index (TASI)].

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Return on Equity 20.6% [17.3%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 18.1%.

+ Tobin's Q Ratio is 1. Compared with the rest of the market the stock is undervalued.

+ Net profit margin has averaged 14.1% in the last 3 years. This is better than the sector average of 7.1% and suggests a high margin of safety.

+ As per the Du Pont analysis, Return on Equity is high at 20.6%. Also, this has improved from 1.3% last year.

Note

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price/Earnings of 18.4 [16.1]

Price to Book of 6.1 [3.0]

Return on Assets 3.5% [4.7%]

Return on Capital Employed 4.3% [5.6%]

TODAY'S ALERT

Morning Alert: Al-Rajhi Company for Cooperative Insurance up 3.9% in 2 days

18 January 2018 11:30 AST

Al-Rajhi Company for Cooperative Insurance (TASI:8230) extended its gains on Thursday, rising an additional 50.0 hallalah (or 0.8%) to trade at SAR64.40. Trading volume was 1.3 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Al-Rajhi Company for Cooperative Insurance hits 52-week high second time in one month

17 January 2018 16:47 AST

Al-Rajhi Company for Cooperative Insurance, Saudi Arabia's 4th largest insurance company by market capitalisation, hit a 52-week high of SAR64.70 today for the second time in the past one month and last traded at SAR63.90. Trading volume was 38% of average at the end of the day. Compared with the All Share Index (TASI) which rose 8.2 points (or 0.1%) in the day, this represented a relative price increase of 3.0%.

Afternoon Alert: Al-Rajhi Company for Cooperative Insurance hits 52-week high second time in one month

17 January 2018 14:38 AST

Al-Rajhi Company for Cooperative Insurance (TASI:8230) hit a 52-week high of SAR64.70 today for the second time in the past one month and last traded at SAR63.20. Trading volume was 2.3 times average so far today.

Al-Rajhi Company for Cooperative Insurance (SA:8230; SAU:8230; AB:8230)

ISIN: SA12A0540J14

PermID: 4298361153

Source: www.BuySellSignals.com